Kissimmee-based developer JTD Land Company paid $3.65 million for 50 acres across from one of Osceola County’s fastest-growing new home subdivisions with plans to build a new residential community that fits with the county’s updated Mixed-Use future land use.
The developer purchased two parcels on Hickory Tree Road just west of U.S. 192 from Marian Johnson, who had owned it with her late husband since 1982. The land consists of vacant citrus groves, but it falls within the county’s Mixed-Use District 6 that has recently been the subject of a major comprehensive plan amendment to adopt a new Conceptual Master Plan. The new owner would have to request rezoning from Agricultural to Mixed-Use.
Askey-Hughey represented the developer during a recent pre-application meeting with the county’s Development Review Committee to review a conceptual plan to create a 245-home subdivision with multiple lot sizes and home product types.
JTD Land also paid Marvin Johnson $250,000 for 43.3 acres just west of the subdivision site, on the north side of Hickory Tree Road. The developer has not had a pre-application meeting for that property, which also lies in Mixed-Use District 6.
Hickory Tree Road is quickly becoming one of Osceola County’s fastest-growing residential corridors. D.R. Horton’s Express Homes is currently developing the 545-home Buena Lago subdivision on Aligator Lake, while K.B. Home recently purchased the 167-lot Deer Run subdivision across the street.
On Nov. 15, Osceola Commissioners approved a preliminary subdivision plan for Triple H Ranch South after Orlando developer Kal Hussein reduced the number of homes from 876 to around 800. Hussein also increase lot sizes and agreed to a condition that the homebuilders would utilize enhanced architectural treatments on the homes. Highland Homes and Park Square Homes submitted home elevations for the commissioners’ consideration.
Hussein also agreed to a condition that he pay upfront for a Project Development and Environmental Study for the Hickory Tree Road corridor from Lake Gentry to U.S. 192 (at Harmony). The two-lane rural road is identified as a future framework road, which means it would be widened to a four-lane urban divided roadway with an interchange at the future South Shore Connector. The developer would be able to recoup the cost of the PD&E Study with mobility fee credits.
Atlanta-based ResiBuilt also has applied for concept plan, rezoning and preliminary subdivision approval for Hickory Village at Lake Gentry, a proposed Build-for-Rent subdivision in the Mixed-Use District with 554 homes and townhomes. The 112-acre subdivision would be adjacent to Hussein’s Triple H Ranch.